Claims following last autumn's storms and floods have totalled almost £700m, the Association of British Insurers property statistics have shown.
More than half, £389m, of the money claimed was for damage to homes, while businesses claimed a total of £303m (made up of £251m for material damage and £52m for business interruption).
In other areas, theft claims fell by 9% although the amount claimed rose by 5% to £741m. The average cost per claim rose by £150 to £1,190 in 2000, the highest ever amount recorded.
Fire claims fell by 1% to £855m and subsidence claims also went down in cost by 4% to £350m and in number by 10%.
Subsidence claims were also down, with the cost falling 4% to £350m, and the number of claims, at 38,200, down 10%.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
